Fees and Overnight Financing
There are two types of fees: Trade fee and Overnight financing.
Trade fee is incurred each time you buy or sell assets on the market (i.e. each time you open and close a position).
Current trade fees on margin Trading accounts are:
- 0.05% for Cryptocurrencies
- 0.0001% for Forex, Indices, and Commodities
A minimum 25% discount on trade fees is applied to COV-denominated Margin trading accounts, see COV token utility.
Trade fees can be reduced by up to 50% based on turnover within the last 30 days or by activating various promotional codes.
Copy-trading Strategy accounts may be subject to additional slippage fees caused by executing significant Follower's order, as explained here.
Overnight financing is due for any position that is carried into a new trading day (past 00:00 UTC) and is withheld from Trading account balance. A trading day lasts from 00:00 UTC to 23:59 UTC. Any position closed before 00:00 UTC will not be charged at all.
Overnight financing is not charged on weekends for markets that are closed during this time, however a triple financing rate is due on Thursday 00:00 UTC.
Detailed information regarding fees and trading conditions for all available instruments can be found here: https://primexbt.com/fees